Los Angeles daily herald., 1887-12-07
THE MESSAGE.
Matters Of Grave
Import.
SURPLUS REVENUE.
DugcrS from Its AccuInu-
Eatiion.
THE PRESENT POSITION
Wise and Timely SuSees-
lions for Relief.
THE NAIL TO BE HIT.
Unnecessary Tariffs Dem
Onstl ated.
POSITION OF THE PUBLIC.
Reducti on of the Existing Customs
Duties Vigorously Rec
commended.
FREE TRADE NOT WANTED.
Reports of National Progress to
BE Submitted by the Various
Depart ments.
FREE TRADE NOT WANTED.
Reports of National Progress to
BE Submitted by the Various
Depar tments.

tAsSocI8ced PreSs dispatches 10 tne HERALD
WASHINGTON, December g. The
first business transacted by the House
this morning was the submission Of
amendments to the rules. Cox, Of
New York, informed the House that
the Preeident would communicate
with it.
At 1920 recess was taken until
Il 40 and a subsequent recess until
BORN. At the expiration of the
recess, the Presidents Secretary
brought in the message and its read
ing began Immediately. At l 80 after
it had been read, the House ad-
journed until Thursday.
THE SENATE.
Soon after the opening, the Senate
took recess to await the coming of
the Presidents message.
At !: 0j Mr.. McCook, Secretary Of
the Senate, began reading the mes
sage. He concluded at l 80 and the
Senate adjourned.
TEXT OF THE MESSAGE.
To the Congress of the Uni'Cd States:
You are confronted at the threshold
of YOUR legislative duties with con-
dillon of the national finances which
imperatirely demands immediate aud
careful consideration. The amount of
money annually received through the
operation OF the present laws from The
industries and necessities of the people
largely exceeds the sum nece sary to
meet the expenses OF he Government.
When we consider that the theory Of
our institutions guarantees to
every citizen the full endow
ment of the fruits of his in
dustrv aud enterprise with only
such deduction as may be his share
toward the careful and economical
maintenance Of the government which
protects him, it is plain that the
exaction of more than this, is indefen-
sible and IL culpable betrayal of fair
ness and Justice. This wrongintlictei
upon those who bear the burden OF
national taxation, like other wrongs,
mu tiplies a breed # evil conse-
quences. The pubic treasury which
should only exist as conduit convey
ing the peoples tribute to its
legitimate object of expenditure be-
comes boarding place for money,
unlessly withdrawn from trade and
the peoples use, thus crippling our
national ener4ies, usurping our
country's development, preventing
investment in productive enterprise.
threatening financial disturbance and
inviting schemes of public plumber.
This condition of our treasury is not
altogether new, and it has more than
once of late been submitted to the peo-
ple's representatives in Congress which
alone can supply "a remedy. And yet
the situation still continues with "g'
gravated incidents, more than ever
presaging financial convulsi III and
widespread disast' r. 1t will not do
to neglect this situation because Its
dangers are not now palpably lmml-
nent ami apparent. They exist none
the less certainly, though it i. unfore-
seen, when suddenly they will he pre-
cipitated upon us. On the 30th day
of June, 1885,
THE EXCESS OF REVENUE
Over public expenditure, after COM
plying with the annual requirement
of the sinking fund Act. was
$l7,S59 1854; during the year ended
June 30th, 1886, such ex. ess amounted
$40, 405 $40 20. and during the year
ended June 80. 1887, it reached the
sum OF $50 ,567 ,849.54. The annual
contributions to the sinking fund
during the three years above
specified amounted in the aggre-
gate to 1928, 05S, g "a, and deductions
from the surplus as stated were made
by calling in for that purpose the out
standing 3 per cent. bonds of the
government. Daring the six months